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Public Choice Theory
An economic theory that applies principles of economics to political science, analyzing how public decisions are made and the behaviors of voters, politicians, and bureaucrats.
Government Decision Making
Government decision making involves the processes and actions through which governments set policies, allocate resources, and address societal needs and challenges.
Public Choice Economists
Economists who analyze the decision-making processes and outcomes in the public sector using the methods of economics.
Keynesian Economists
Keynesian economists follow the theories of John Maynard Keynes, emphasizing the importance of total spending in the economy and its effects on output and inflation.
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